IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
IRS Warns of New Text Scam Tied to Stimulus Payments
By Melanie WaddellThe scam tricks people into disclosing bank account information.
October 27, 2020
IRS Announces Income Tax Adjustments for 2021The estate and gift tax exemptions saw the biggest increases, says Ed Slott.
October 26, 2020
IRS Boosts 2021 Income Limits for Deductible IRA ContributionsThe tax authority also announced changes to estate and gift tax exemptions for 2021.
October 26, 2020
IRS Again Extends Deadline for $500-Per-Child Stimulus PaymentThe previous deadline was Sept. 30.
October 23, 2020
IRS Says It's Getting Tougher on Micro Captive UsersThe agency may go easier on taxpayers who can show they relied on the advice of competent tax advisors.
October 06, 2020
IRS Extends Deadline to Register for Stimulus PaymentThe IRS is providing more time for non-filers to register to get their $1,200 economic impact payment.
October 02, 2020
IRS Warns Micro Captive Users of Imminent Shock and AweThe agency says it may apply a strict liability penalty to some captives.
September 30, 2020
IRS Issues Final Regs on Annuity Payments, Business EntertainmentIRS also issued final regs on business expense deduction for meals and entertainment.